Forex News A move by Australian 3-to-10-year implied yield curve to less inverse position would require bullish news, with 2Q CPI due July 23 posing "sizable event risk," says Deutsche Bank strategist David Plank; notes bullish response to RBA Glenn Stevens speech, with traders pricing in, for 1st time since May, potential for rate cut, adds slowing global growth will tame inflation. But key for further move on curve is if market ups chances of RBA cut, as CPI and volatile markets loom large. Curve now minus 11 bps.
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